Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Industry: Medical Devices

Overview Zen Rating Price Value Growth Financials Momentum

Sentiment Forecast Dividends Due Diligence

Medical Devices is Zen Rated C and is the 76th ranked industry out of 145 stock market industries

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$30.24	228,000	-26.45%	29.66	29.31	26.12	20.05	15.66	62.51	84.21	85.08	63.01	62.25	1.20	1.33	-0.13	1.06
VREX	VAREX IMAGING CORP	$13.43	368,000	18.71%	12.32	12.17	11.83	11.75	10.06	72.61	89.88	90.08	97.78	94.96	0.32	0.18	0.14	1.08
BVS	BIOVENTUS INC	$8.03	261,000	1.95%	7.60	7.56	7.40	7.19	7.13	63.68	79.11	70.58	89.70	80.63	0.11	0.07	0.05	1.19
STE	STERIS PLC	$256.82	380,000	-13.83%	256.42	254.96	256.16	250.39	241.34	51.00	75.54	81.63	84.53	92.92	0.52	0.07	0.45	0.75
SNN	SMITH & NEPHEW PLC	$33.57	712,000	66.36%	33.36	33.02	33.41	35.06	32.32	53.43	77.79	82.47	76.94	88.45	0.11	-0.05	0.16	0.71
LIVN	LIVANOVA PLC	$64.41	408,000	-5.77%	63.11	63.07	59.52	57.01	49.88	61.13	87.62	89.99	94.02	94.57	1.04	1.06	-0.02	0.92
ELMD	ELECTROMED INC	$28.80	40,000	12.99%	28.62	28.86	27.11	25.55	23.23	53.86	59.95	54.83	49.66	39.46	0.38	0.47	-0.09	0.46
GMED	GLOBUS MEDICAL INC	$94.47	2,248,000	-51.85%	90.27	88.81	84.10	71.74	66.97	67.31	58.82	72.05	66.04	73.07	2.36	2.08	0.28	0.99
AVNS	AVANOS MEDICAL INC	$12.35	458,000	-24.17%	11.58	11.62	11.48	11.61	11.94	67.64	87.01	73.53	95.88	86.10	0.11	0.02	0.09	0.91
AORT	ARTIVION INC	$44.35	236,000	-5.98%	45.29	45.83	45.63	43.86	36.54	41.53	23.54	27.60	14.84	20.62	-0.17	0.07	-0.24	1.04
AHCO	ADAPTHEALTH CORP	$10.49	736,000	3.81%	10.16	10.21	9.78	9.47	9.27	59.26	84.86	72.03	85.97	67.16	0.16	0.14	0.02	1.06
AXGN	AXOGEN INC	$33.51	1,297,000	19.76%	32.54	31.91	28.50	22.60	17.92	63.77	74.54	66.46	50.62	34.78	1.27	1.46	-0.18	1.24
IRMD	IRADIMED CORP	$98.95	76,000	-8.43%	97.94	97.26	91.74	82.23	69.77	62.85	88.03	84.83	76.39	66.61	1.97	2.18	-0.22	0.88
MASI	MASIMO CORP	$138.92	543,000	-10.84%	133.66	134.94	140.43	142.82	151.16	54.26	91.83	88.42	100.00	100.00	-1.27	-2.31	1.04	1.11
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$13.58	680,000	-33.59%	12.86	12.96	12.64	13.70	13.97	58.34	80.29	73.89	94.45	93.27	0.08	-0.04	0.11	1.03
ALGN	ALIGN TECHNOLOGY INC	$172.79	744,000	-4.25%	162.45	161.65	150.59	142.19	158.96	73.83	90.97	85.43	96.13	87.27	4.58	3.83	0.75	1.57
DXCM	DEXCOM INC	$67.40	7,874,000	72.49%	67.85	67.30	63.90	67.97	73.75	53.15	60.27	75.04	44.68	72.49	1.02	1.02	0.01	1.16
VMD	VIEMED HEALTHCARE INC	$7.24	103,000	-47.45%	7.31	7.33	6.90	6.88	6.83	52.64	22.24	21.20	4.66	6.12	0.09	0.13	-0.04	0.68
SNWV	SANUWAVE HEALTH INC	$30.98	71,600	118.96%	30.05	30.79	31.31	33.64	33.10	50.33	41.36	35.41	73.61	58.41	-0.47	-0.55	0.08	0.72
PODD	INSULET CORP	$289.04	902,000	38.13%	288.91	289.86	307.79	317.57	303.72	43.78	70.98	72.17	73.27	78.57	-4.63	-6.36	1.73	1.15
ANIK	ANIKA THERAPEUTICS INC	$9.52	161,000	21.05%	9.56	9.53	9.66	9.40	10.62	48.41	60.49	65.65	59.59	74.61	-0.01	-0.02	0.02	0.81
TMDX	TRANSMEDICS GROUP INC	$137.07	364,000	-47.40%	128.44	127.11	129.21	122.79	117.00	61.58	91.36	88.14	98.63	98.27	1.21	-0.33	1.54	1.63
BIO	BIO-RAD LABORATORIES INC	$323.82	191,000	-14.73%	313.52	308.88	312.34	304.65	274.71	61.46	82.19	86.27	82.51	89.43	2.59	0.03	2.56	0.97
ATEC	ALPHATEC HOLDINGS INC	$22.65	2,454,000	-42.25%	21.49	20.81	20.48	17.84	14.80	70.99	85.45	89.73	99.25	99.75	0.56	0.40	0.17	1.23
CERS	CERUS CORP	$2.06	859,000	35.92%	2.06	2.09	1.84	1.63	1.49	54.52	48.05	45.73	46.94	43.37	0.06	0.07	-0.02	1.79
SYK	STRYKER CORP	$367.54	1,610,000	11.11%	357.82	355.96	360.31	369.96	374.38	61.45	90.44	86.14	98.38	89.44	0.79	-1.44	2.24	0.87
BWAY	BRAINSWAY LTD	$23.11	102,000	-52.78%	20.65	19.12	17.42	16.51	13.61	80.32	85.54	87.28	100.00	100.00	1.48	1.05	0.43	0.83
PEN	PENUMBRA INC	$322.44	872,000	77.60%	315.26	314.32	290.50	274.97	268.35	66.73	77.00	74.09	46.09	40.62	6.92	7.89	-0.97	1.04
DCTH	DELCATH SYSTEMS INC	$10.34	542,000	2.65%	10.25	10.19	9.58	10.29	11.65	56.59	57.26	65.58	59.44	75.22	0.16	0.16	0.00	0.92
PHG	KONINKLIJKE PHILIPS NV	$29.58	814,000	-2.63%	28.08	27.37	27.62	27.74	26.09	73.87	93.23	96.18	100.00	100.00	0.45	0.12	0.34	0.92
EW	EDWARDS LIFESCIENCES CORP	$85.13	3,384,000	-9.49%	85.51	85.28	84.87	81.15	78.36	50.56	31.39	39.99	23.42	26.55	0.21	0.41	-0.21	0.86
ZBH	ZIMMER BIOMET HOLDINGS INC	$92.85	2,362,000	44.38%	91.90	91.35	92.48	97.12	97.05	52.23	68.97	76.11	70.83	80.61	0.02	-0.46	0.49	0.66
ITGR	INTEGER HOLDINGS CORP	$84.31	703,000	14.87%	79.95	77.92	72.56	87.34	102.11	73.24	89.84	89.25	95.45	89.09	2.20	1.56	0.65	0.91
BSX	BOSTON SCIENTIFIC CORP	$97.64	9,796,000	0.62%	96.58	95.51	97.77	99.41	100.81	54.64	69.64	80.14	87.34	93.02	0.14	-0.36	0.50	0.71
NPCE	NEUROPACE INC	$16.73	375,000	-43.10%	16.04	16.10	14.81	12.42	11.91	60.76	70.32	67.58	93.03	86.07	0.40	0.40	-0.01	0.95
APYX	APYX MEDICAL CORP	$3.49	26,700	-27.84%	3.49	3.60	3.72	3.06	2.36	43.03	30.00	31.01	46.23	54.42	-0.08	-0.06	-0.01	1.29
SIBN	SI-BONE INC	$20.44	559,000	-10.70%	20.28	19.97	18.65	17.00	16.82	57.51	71.30	75.60	55.70	61.49	0.54	0.55	-0.01	1.19
SGHT	SIGHT SCIENCES INC	$7.18	187,000	8.09%	7.82	8.10	7.45	5.66	4.55	39.66	11.31	12.79	2.45	3.71	-0.05	0.15	-0.20	1.79
CNMD	CONMED CORP	$42.91	743,000	17.56%	42.04	41.03	42.27	46.01	50.00	55.49	72.46	79.78	87.86	95.35	0.28	-0.22	0.50	1.09
IRTC	IRHYTHM TECHNOLOGIES INC	$179.43	1,116,000	588.89%	181.19	176.53	177.64	176.64	155.24	50.99	74.15	82.79	70.57	90.19	2.23	1.15	1.07	1.28
MDT	MEDTRONIC PLC	$97.53	5,983,000	11.08%	97.51	97.94	97.81	96.09	91.51	46.80	56.80	67.61	64.87	80.56	-0.18	-0.28	0.10	0.59
CTKB	CYTEK BIOSCIENCES INC	$5.45	984,000	81.55%	5.23	5.06	4.99	4.46	3.96	61.82	83.77	86.45	86.27	92.36	0.12	0.07	0.05	1.43
QDEL	QUIDELORTHO CORP	$33.65	1,196,000	34.99%	30.83	29.93	27.00	27.69	28.25	72.76	93.29	94.43	100.00	98.36	1.51	1.10	0.41	0.95
INSP	INSPIRE MEDICAL SYSTEMS INC	$98.38	1,626,000	39.45%	95.06	102.60	102.82	92.35	114.05	45.25	45.95	33.06	71.03	54.34	-4.09	-3.47	-0.63	1.35
INMD	INMODE LTD	$14.44	943,000	-40.65%	14.88	14.65	14.47	14.77	14.74	46.51	38.90	65.30	36.81	67.82	0.12	0.12	-0.00	1.67
NVCR	NOVOCURE LTD	$14.35	1,009,000	-25.42%	13.77	13.42	12.55	12.79	14.58	61.96	85.55	90.97	85.79	95.26	0.49	0.36	0.13	1.45
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$1.94	11,466,000	68.77%	1.91	1.93	2.02	1.73	1.49	48.03	66.67	74.77	78.08	90.26	-0.02	-0.04	0.02	2.50
GKOS	GLAUKOS CORP	$112.92	576,000	-7.99%	113.52	113.53	102.92	94.33	94.46	57.66	49.78	46.01	25.04	23.48	2.63	3.59	-0.96	1.20
OFIX	ORTHOFIX MEDICAL INC	$15.78	210,000	-6.25%	15.47	15.46	15.40	15.11	13.72	54.56	76.11	73.15	88.84	92.93	0.07	0.00	0.06	0.99
LNSR	LENSAR INC	$11.57	30,000	-55.88%	11.61	11.74	11.17	11.70	12.53	51.76	39.90	32.46	39.90	31.64	0.10	0.15	-0.06	0.48
MASS	908 DEVICES INC	$5.40	265,000	34.52%	5.34	5.56	6.16	6.75	6.33	41.49	37.40	38.03	85.95	86.34	-0.26	-0.29	0.04	1.76
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$68.34	523,000	29.14%	71.10	72.48	67.65	54.77	46.09	46.11	47.71	43.46	33.34	27.58	0.56	1.52	-0.95	1.62
CBLL	CERIBELL INC	$23.33	302,000	-4.73%	21.94	21.63	17.51	14.80	15.61	73.69	93.90	75.70	85.28	60.73	1.31	1.39	-0.08	1.54
INGN	INOGEN INC	$7.03	129,000	14.16%	6.86	6.84	7.02	7.67	7.23	53.36	70.97	65.33	80.76	83.06	-0.01	-0.08	0.07	1.20
ABT	ABBOTT LABORATORIES	$125.92	3,322,000	-4.40%	125.80	125.70	126.01	128.97	130.05	50.06	55.79	62.25	57.90	72.44	0.04	-0.19	0.23	0.55
BFLY	BUTTERFLY NETWORK INC	$4.04	4,620,000	9.38%	3.94	3.69	3.05	2.49	2.30	65.55	84.02	89.61	63.30	77.73	0.30	0.30	0.00	2.30
PROF	PROFOUND MEDICAL CORP	$8.44	99,000	-69.06%	7.82	7.68	6.88	5.94	5.69	69.48	91.14	86.29	91.92	72.02	0.38	0.33	0.05	1.00
BRKR	BRUKER CORP	$54.46	2,169,000	3.09%	50.31	48.28	45.54	39.90	39.31	73.62	94.34	93.83	95.69	97.13	2.09	1.54	0.55	1.10
POAS	PHAOS TECHNOLOGY (CAYMAN) HOLDINGS LTD	$3.55	478,000	-91.55%	3.49	3.61	N/A	N/A	N/A	52.64	56.21	52.29	43.34	37.17	N/A	N/A	N/A	1.80
HSDT	HELIUS MEDICAL TECHNOLOGIES INC	$2.84	373,000	-38.25%	3.03	3.02	3.93	7.70	63.12	37.75	47.01	60.95	72.55	87.78	-0.33	-0.46	0.13	1.29
HYPR	HYPERFINE INC	$1.01	189,000	33.10%	0.99	1.00	1.04	1.23	1.02	48.69	42.23	42.91	60.15	60.85	-0.02	-0.02	0.00	1.23
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$1.29	61,000	38.64%	1.34	1.37	1.37	1.73	3.06	39.20	27.33	25.94	39.26	30.75	-0.03	-0.03	-0.01	-0.10
SRTS	SENSUS HEALTHCARE INC	$4.76	108,000	149.42%	4.18	3.99	3.95	3.60	4.12	74.07	81.51	79.87	92.48	93.52	0.17	0.08	0.09	0.93
LMRI	LUMEXA IMAGING HOLDINGS INC	$16.68	1,281,000	-3.03%	17.64	17.81	N/A	N/A	N/A	36.31	39.98	46.35	N/A	N/A	N/A	N/A	N/A	0.76
CV	CAPSOVISION INC	$6.10	1,057,000	60.88%	9.50	11.19	7.92	6.14	N/A	35.73	1.22	2.10	0.00	0.00	-0.28	0.65	-0.92	1.65
LUNG	PULMONX CORP	$2.04	373,000	-12.03%	2.22	2.34	2.01	1.84	2.70	43.81	8.35	15.15	0.00	5.58	0.03	0.09	-0.05	1.44
TNDM	TANDEM DIABETES CARE INC	$21.70	2,400,000	98.18%	22.43	22.30	19.95	16.57	17.31	50.47	43.37	52.17	17.19	38.37	0.66	0.86	-0.20	1.36
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$2.18	250,000	-93.85%	2.43	4.69	259.41	2,292.39	4,451.45	28.18	7.50	4.53	55.27	35.10	-106.15	-132.19	26.05	0.72
SI	SHOULDER INNOVATIONS INC	$14.39	40,000	-62.26%	20.36	20.58	17.20	15.34	N/A	48.07	1.27	1.21	0.25	0.22	0.02	1.63	-1.61	-0.62
PMI	PICARD MEDICAL INC	$1.68	193,000	12.21%	1.79	2.05	2.42	N/A	N/A	36.59	16.78	16.66	49.54	41.14	-0.33	-0.37	0.04	0.06
QTRX	QUANTERIX CORP	$8.06	2,849,000	711.68%	6.61	6.82	6.44	5.85	5.75	72.37	42.68	30.56	78.48	57.53	0.06	0.01	0.05	1.94
CODX	CO-DIAGNOSTICS INC	$6.19	37,400	-56.00%	5.97	7.11	9.61	10.52	9.75	38.33	31.38	26.69	75.90	62.80	-1.17	-1.22	0.05	1.45
ARAY	ACCURAY INC	$0.88	695,000	23.67%	0.85	0.91	1.04	1.33	1.40	41.45	54.93	46.04	94.54	93.94	-0.05	-0.07	0.01	1.51
SSII	SS INNOVATIONS INTERNATIONAL INC	$5.52	61,400	1.49%	5.59	5.62	6.25	6.66	N/A	44.58	44.34	50.53	76.88	83.92	-0.18	-0.22	0.04	0.13
PRCT	PROCEPT BIOROBOTICS CORP	$32.83	947,000	33.38%	32.74	33.48	32.59	34.83	44.96	48.80	60.87	61.24	74.57	77.79	0.06	-0.01	0.06	1.28
RPID	RAPID MICRO BIOSYSTEMS INC	$3.13	416,000	139.08%	3.08	3.22	3.54	3.28	3.17	43.74	60.85	61.78	83.93	90.52	-0.13	-0.16	0.03	1.22
MOVE	MOVANO INC	$7.49	8,400	-71.43%	7.93	8.10	8.63	7.83	8.01	43.95	7.76	11.33	15.01	24.26	-0.31	-0.24	-0.07	1.12
TLSI	TRISALUS LIFE SCIENCES INC	$5.80	82,000	-2.38%	6.35	6.83	5.97	5.41	5.24	38.62	17.59	18.30	9.99	8.20	-0.08	0.12	-0.20	0.18
RBOT	VICARIOUS SURGICAL INC	$2.61	173,000	-42.33%	2.34	2.32	3.06	4.56	6.21	50.28	75.02	79.05	91.29	92.54	-0.15	-0.27	0.13	1.48
OM	OUTSET MEDICAL INC	$4.56	676,000	24.49%	3.96	3.87	5.76	9.96	12.94	51.25	89.60	90.32	97.76	99.25	-0.35	-0.65	0.30	1.42
TMCI	TREACE MEDICAL CONCEPTS INC	$2.90	665,000	14.07%	2.66	2.64	3.33	5.09	5.75	51.51	82.06	82.41	94.32	96.23	-0.12	-0.24	0.12	1.28
MXCT	MAXCYTE INC	$1.43	462,000	18.46%	1.53	1.53	1.57	1.55	1.92	38.38	7.41	16.72	3.64	12.29	-0.02	-0.01	-0.01	1.44
KIDS	ORTHOPEDIATRICS CORP	$18.31	132,000	1.54%	18.06	17.82	17.55	18.27	19.94	54.49	73.67	80.69	76.88	85.87	0.19	0.09	0.10	1.20
SENS	SENSEONICS HOLDINGS INC	$7.22	418,000	-28.79%	6.19	6.31	6.33	7.56	9.41	65.17	91.90	81.15	100.00	96.51	0.05	-0.09	0.15	1.94
SINT	SINTX TECHNOLOGIES INC	$3.78	18,200	-80.22%	3.77	3.69	3.60	3.86	3.32	51.79	62.77	63.57	73.50	72.69	0.04	0.03	0.01	1.49
UFPT	UFP TECHNOLOGIES INC	$257.51	113,000	-35.06%	239.93	232.28	224.58	213.55	220.09	71.68	91.81	91.15	100.00	96.12	8.08	5.37	2.71	0.91
CLPT	CLEARPOINT NEURO INC	$14.92	1,285,000	153.45%	14.39	14.03	15.15	16.49	14.29	53.49	68.82	77.64	90.96	96.25	-0.01	-0.31	0.29	1.82
IVF	INVO FERTILITY INC	$0.85	77,000	-16.30%	0.87	0.97	2.19	4.56	19.23	33.16	43.45	43.22	89.50	90.97	-0.38	-0.49	0.11	1.04
ICCM	ICECURE MEDICAL LTD	$0.71	256,000	-4.83%	0.66	0.66	0.69	0.82	0.93	57.99	87.23	75.38	100.00	99.63	-0.00	-0.01	0.01	0.75
CVRX	CVRX INC	$8.11	159,000	-19.29%	7.64	7.84	8.86	8.59	7.95	49.37	80.30	73.21	93.13	97.71	-0.24	-0.38	0.14	1.56
VVOS	VIVOS THERAPEUTICS INC	$2.06	152,000	160.72%	2.21	2.12	2.24	2.88	3.16	43.80	33.03	46.46	43.98	59.15	0.00	-0.03	0.03	0.87
AMIX	AUTONOMIX MEDICAL INC	$0.51	42,971,000	11,451.34%	0.53	0.59	0.79	0.95	1.27	32.86	7.14	8.24	21.35	19.55	-0.09	-0.09	0.00	0.63
BBNX	BETA BIONICS INC	$20.14	8,287,000	1,007.89%	29.94	29.97	29.05	25.11	19.67	26.79	54.01	66.46	43.43	49.29	-0.21	0.53	-0.74	1.82
LUCD	LUCID DIAGNOSTICS INC	$1.18	490,000	-47.93%	1.13	1.13	1.10	1.12	1.17	58.59	89.41	89.04	88.22	96.07	0.02	0.01	0.01	0.80
NNOX	NANO-X IMAGING LTD	$2.97	800,000	25.98%	2.92	3.01	3.34	3.65	4.35	41.88	57.32	54.68	91.52	96.47	-0.14	-0.17	0.03	1.82
CATX	PERSPECTIVE THERAPEUTICS INC	$2.84	1,874,000	95.62%	2.79	2.76	2.49	3.01	3.03	56.56	66.84	71.02	55.86	50.67	0.08	0.07	0.00	1.24
RXST	RXSIGHT INC	$8.84	3,430,000	521.38%	10.18	11.22	10.68	9.73	11.49	27.19	2.57	4.06	0.00	0.44	-0.47	-0.14	-0.33	1.26
STEX	STREAMEX CORP	$3.12	651,000	-11.67%	3.17	3.47	3.97	4.65	4.36	37.91	29.73	29.78	69.80	78.44	-0.27	-0.28	0.02	1.18
COCH	ENVOY MEDICAL INC	$0.68	192,000	18.52%	0.69	0.72	0.74	0.90	1.19	42.32	28.87	26.28	56.14	58.08	-0.02	-0.02	-0.00	0.06
NXL	NEXALIN TECHNOLOGY INC	$0.71	61,000	-44.04%	0.65	0.73	0.99	1.02	1.16	42.27	61.56	61.89	89.09	93.07	-0.08	-0.10	0.02	1.41

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jan 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best medical equipment stocks to buy right now are:

1. Tactile Systems Technology (NASDAQ:TCMD)

Tactile Systems Technology (NASDAQ:TCMD) is the #1 top medical device stock out of 139 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Tactile Systems Technology (NASDAQ:TCMD) is: Value: B, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: A, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 50, which is 24 points higher than the medical device industry average of 26.

TCMD passed 16 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 75.51% over the past year, overperforming other medical device stocks by 166 percentage points.

Tactile Systems Technology has an average 1 year price target of $27.00, a downside of -10.71% from Tactile Systems Technology's current stock price of $30.24.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Tactile Systems Technology, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Varex Imaging (NASDAQ:VREX)

Varex Imaging (NASDAQ:VREX) is the #2 top medical device stock out of 139 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Varex Imaging (NASDAQ:VREX) is: Value: B, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: C, and AI: B.

Varex Imaging (NASDAQ:VREX) has a Due Diligence Score of 20, which is -6 points lower than the medical device industry average of 26. Although this number is below the industry average, our proven quant model rates VREX as a "A".

VREX passed 6 out of 33 due diligence checks and has weak fundamentals. Varex Imaging has seen its stock return 0.45% over the past year, overperforming other medical device stocks by 91 percentage points.

Varex Imaging has an average 1 year price target of $16.67, an upside of 24.1% from Varex Imaging's current stock price of $13.43.

Varex Imaging stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Varex Imaging, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the #3 top medical device stock out of 139 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: A, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 30, which is 4 points higher than the medical device industry average of 26.

BVS passed 10 out of 33 due diligence checks and has average fundamentals. Bioventus has seen its stock lose -13.47% over the past year, overperforming other medical device stocks by 77 percentage points.

What are the medical device stocks with highest dividends?

Out of 8 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.27%, which is 1 percentage points higher than the medical device industry average of 1.03%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Smith & Nephew's dividend has not shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 66.7% indicates that its dividend yield is sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 1.41%, which is the same as the medical device industry average of 1.03%. Abbott Laboratories's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Abbott Laboratories's dividend has shown consistent growth over the last 10 years.

Abbott Laboratories's dividend payout ratio of 29.5% indicates that its dividend yield is sustainable for the long-term.

3. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) has an annual dividend yield of 1.4%, which is the same as the medical device industry average of 1.03%. Conmed's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Conmed's dividend has not shown consistent growth over the last 10 years.

Conmed's dividend payout ratio of 38.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.55% in the last day, and up 5.34% over the last week. Beta Bionics was the among the top losers in the medical devices industry, dropping -37.04% yesterday.

Beta Bionics shares are trading lower. The company reported preliminary Q4 financial results.

What are the most undervalued medical device stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued medical device stocks right now are:

1. Inmode (NASDAQ:INMD)

Inmode (NASDAQ:INMD) is the most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Inmode has a valuation score of 71, which is 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -9.18% in the past year. It has overperformed other stocks in the medical device industry by 82 percentage points.

2. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) is the second most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Conmed has a valuation score of 71, which is 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Conmed's stock has dropped -37.65% in the past year. It has overperformed other stocks in the medical device industry by 53 percentage points.

3. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the third most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Bioventus has a valuation score of 29, which is 16 points higher than the medical device industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Bioventus's stock has dropped -13.47% in the past year. It has overperformed other stocks in the medical device industry by 77 percentage points.

Are medical device stocks a good buy now?

56.7% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 34.12% over the next year.

9.62% of medical device stocks have a Zen Rating of A (Strong Buy), 20.19% of medical device stocks are rated B (Buy), 46.15% are rated C (Hold), 20.19% are rated D (Sell), and 3.85% are rated F (Strong Sell).

What is the average p/e ratio of the medical devices industry?

The average P/E ratio of the medical devices industry is 23.81x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Tactile Systems Technology (NASDAQ:TCMD)

2. Varex Imaging (NASDAQ:VREX)

3. Bioventus (NASDAQ:BVS)

1. Smith & Nephew (NYSE:SNN)

2. Abbott Laboratories (NYSE:ABT)

3. Conmed (NYSE:CNMD)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Bioventus (NASDAQ:BVS)

Company

Stock Tools

Stock Ideas

Sectors & IndustriesHealthcareMedical DevicesBest Medical Device Stocks to Buy Now (2026)Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Tactile Systems Technology (NASDAQ:TCMD)

2. Varex Imaging (NASDAQ:VREX)

3. Bioventus (NASDAQ:BVS)

1. Smith & Nephew (NYSE:SNN)

2. Abbott Laboratories (NYSE:ABT)

3. Conmed (NYSE:CNMD)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Bioventus (NASDAQ:BVS)

Company

Stock Tools

Stock Ideas

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.